Sorry, but this is incorrect. In a free market pay is determined by each worker’s discounted marginal value product.
So you’re saying CEO physically cannot make any less than he does, personally?
In a free market, no, because if someone else could do the same job for less pay, the owners of the company would hire him instead.
Likewise, if a CEO was underpaid, he would quit and move on to a different company that recognized his true value.
But as you said, that is a desperate last gamble. I would argue that the company makes X, lowest man makes Y, top makes Z. It’s all about personal wants, and subjective pursuit of material wealth beyond what one can even us
Right, but you have to realize, cartels, etc can not work in long term planning, they fall apart due to self interest. “Unions” at best could be temporary alliances that have an immense amount of common interest and the actual means to pull it off. This type of formation would most likely be a very rare exception (assuming civilization, wealth maximization, etc are seen as good) and not a rule, and I do not even know if I would classify this is a “union” as much as I would a mutiny (and I don’t use that word negatively, just showing the difference between a noun and verb,and what would actually be transpiring).
Unions would have a place to work with the charities and fund-raisers to diminish wealth being wasted
I do not think unions would be the answer to “wasted wealth” as much as custom law defining homesteading laws to adapt to an environment.
But nothing non-subjective says that there has to be such a large gap between worker/owner for business to thrive
Everybody is a worker, everybody labors worker/owner is a false dichotomy when looking at it from the production and wealth creation angle. What determines ones place in the working environment is the nature and structure of production. Once again, a capitalist/ propertarian structure where there is a clear hierarchical organization and allocation of resources is thus far the only way known to even determine what efficiency and the value of the labor is. A man making one one hour decision from a desk in an air conditioned office every 48 hrs may be 100,000 times more valuable than 100 men lifting very heavy mallets doing backbreaking labor 12 hrs a day seven days a weak, the actions of every individual determines this (and not our “beliefs”). To undermine the structure is by its own nature inefficient, hence why the structure can’t really “work” with any real staying power. The terms “market”, “efficiency”, “wealth”, and “value” in a way can be seen as virtually synonymous.
The man who doesn’t seek power is the man I trust with it
We all seek power in some form or another, it is impossible not to, fortunately most of us are Epicurean in nature. Unfortunately, I think capitalistic societies tend to to have forgotten that fact. Perhaps if the culture of Epicureanism and the structure of capitalism are reconciled people will lead a bit more full and happy lives;